Legal Question in Wills and Trusts in India
Hi, i had applied for personal loan of amount 5 lacs, 17.5 roi, for one of my collage friend. he has also used my credit cards. its been 2 years now. they( he and his father) were giving me the emi till June 2012. after that they had stopped giving me the money. now i want my money (a total of 560000) back as want to apply for a home loan which i cannot until i close this personal loan
4 Answers from Attorneys
dear client...
what written document do you have in this regard...
with regards
uttam
10.01.2013
Dear Friend,
The net amount outstanding till date on your personal loan taken on EMIs cannot exceed the principal amount since your friend's father and he have repaid you EMIs for two years . Usage of your credit card(s) by your friend is sheer carelessness on your part and you will take the "hit". You can rework and revert back to me on [email protected]
Regards,
FCA Prashant Chavan
Mumbai
Have you got any agreement or any other document proving the debt.
What documents you have to prove that it was your friends loan and not yours ? Please clarify............Please check Sanjay Kalra and Associates on the internet to know more about our law firm and the legal services we are rendering for our clients from all over the World.
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